Performance Evaluation of Stochastic Multi-Echelon Inventory Systems: A Survey
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Simchi-Levi-2012-Performance evaluati.pdf
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720.92 KB
Format
Adobe PDF
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e6b4a02c2497750ea387abd1a91ebb78
Author(s)
Simchi-Levi, David
Zhao, Yao
Date Issued
January 2012
Journal
Advances in Operations Research
Publisher
Hindawi Pub. Corp.
Citation
Simchi-Levi, David, and Yao Zhao. “Performance Evaluation of Stochastic Multi-Echelon Inventory Systems: A Survey.” Advances in Operations Research 2012 (2012): 1–34. Web.
Version
Final published version
Abstract
Globalization, product proliferation, and fast product innovation have significantly increased
the complexities of supply chains in many industries. One of the most important advancements
of supply chain management in recent years is the development of models and methodologies
for controlling inventory in general supply networks under uncertainty and their widefspread
applications to industry. These developments are based on three generic methods: the queueing-inventory method, the lead-time demand method and the flow-unit method. In this paper,
we compare and contrast these methods by discussing their strengths and weaknesses, their
differences and connections, and showing how to apply them systematically to characterize
and evaluate various supply networks with different supply processes, inventory policies, and
demand processes. Our objective is to forge links among research strands on different methods
and various network topologies so as to develop unified methodologies.
MIT Department
Massachusetts Institute of Technology. Department of Civil and Environmental Engineering
Terms of Use
Creative Commons Attribution
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DOI of Published Version
https://doi.org/10.1155/2012/126254
